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August 22, 2019
  • The history of the Commercial Bank of Ethiopia (CBE) dates back to the establishment of the State Bank of Ethiopia in 1942.
  • CBE was legally established as a share company in 1963.
  • In 1974, CBE merged with the privately owned Addis Ababa Bank. Since then, it has been playing significant roles in the development of the country.
  • Pioneer to introduce modern banking to the country.
  • It has more than 1340 branches stretched across the country.
  • The leading African bank with assets of 646.69 billion Birr as on March 31st 2019.
  • Plays a catalytic role in the economic progress & development of the country.
  • The first bank in Ethiopia to introduce ATM service for local users.
  • Currently CBE has more than 20 million account holders and the number of Mobile and Internet Banking users also reached more than 1,736,768 as of June 30th 2018 . Active ATM card holders reached  more than 5.2 million.
  • As of March 31, 2019, 2,524 ATM machine and 9,384 POS machines were available. 
  • It has strong correspondent relationship  with more than 50 renowned foreign banks like Commerz Bank A.G., Royal Bank of Canada, City Bank, HSBC Bank,...
  • CBE has a SWIFT bilateral arrangement with more than 700 others banks across the world.
  • CBE combines a wide capital base with more than 33,000 talented and committed employees.
  • Pioneer to introduce Western Union Money Transfer Services in Ethiopia early 1990s and currently working with other 20 money transfer agents like Money Gram, Atlantic International (Bole), Xpress Money,...
  • CBE has opened four branches in South Sudan and has been in the business since June 2009.
  • CBE has reliable and long-standing relationships with many internationally acclaimed banks throughout the world


To become a world-class commercial bank by the year 2025.



We are committed to best  realize stakeholders' needs through enhanced financial intermediation globally and supporting national development priorities, by deploying highly motivated, skilled and disciplined employees as well as state-of-the-art technology. We strongly believe that winning the public confidence is the basis of our success.



Our core values detailed below are the operating principles that guide our internal conduct as well as our relationship with our customers, partners, and shareholders.


1. Corporate Citizenship

• We value the importance of our role in national development endeavor and step-up for commitment.

• We abide by the laws of Ethiopia and other countries in which we do business.

• We care about society’s welfare and the environment.

2. Customer Satisfaction

• We strive to excel in our business and satisfy our customers.

3. Quality Service

• We are committed to offering quality service to our customers and aspire to be branded with quality in the minds of our customers and the general public.

4. Innovation

• We encourage new ideas that can improve customers’ experience and the Bank’s performance.

5. Teamwork

• We recognize the importance of teamwork for our success.

• We respect diversity of viewpoints.

6. Integrity

• We are committed to the highest ideals of honor and integrity.

7. Employees

• We recognize our employees as valuable organizational resources.

8. Public Confidence

• We understand that the sustainability of our business depends on our ability to maintain and build up the public’s confidence.

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